UTI Asset Management Company Limited (UTI AMC) has announced a significant expansion of its board, appointing five new directors through a circular resolution on October 30, 2025. This move aims to enhance the company's leadership and strategic capabilities across various domains.

Board Appointments

The company has appointed four Additional Directors in the Non-Executive Independent Category and one Additional Director in the Non-Executive Nominee Category. Here's a breakdown of the new appointments:

Terms and Conditions

• The appointments of the four Non-Executive Independent Directors are for a period of three years, from October 30, 2025, to October 29, 2028, and they are not liable to retire by rotation.
• Linsley Carruth's appointment as a Non-Executive Nominee Director is liable to retire by rotation.
• All appointments are subject to shareholder approval.

Professional Backgrounds

The new directors bring a wealth of experience to UTI AMC's board:

• Atul Dhawan: A Chartered Accountant with over four decades of experience in finance and risk management.
• P.V. Bharathi: Brings extensive experience in banking and credit management spanning four decades.
• Philip Mathew: Offers expertise in human resources and business transformation with over two decades of experience.
• Vishakha RM: A Chartered Accountant and Harvard ALI fellow with three decades of experience in marketing and business strategy.
• Linsley Carruth: Currently serves as Director of Investor Relations at T. Rowe Price Group, with over two decades of experience in stockholder engagement and corporate strategy.

These appointments are expected to bring diverse perspectives and strengthen UTI AMC's governance structure. The company's move to expand its board with professionals from various fields indicates its commitment to enhancing its strategic capabilities and corporate governance practices.

Shareholders and market observers will likely watch closely to see how these new appointments influence UTI AMC's future strategies and performance in the asset management industry.

UTI Asset Management Company (UTI AMC) has released its financial results for the second quarter of fiscal year 2026, showcasing steady growth and announcing key strategic developments.

Financial Highlights

UTI AMC reported a 5% year-on-year increase in consolidated core income, reaching Rs. 390.00 crores for Q2 FY26. The company's normalized consolidated core Profit After Tax (PAT) stood at Rs. 127.00 crores, after adjusting for a one-time family pension revision impact of Rs. 25.00 crores.

Key financial metrics for Q2 FY26:

Leadership Transition

In a significant move, UTI AMC's Board of Directors has appointed Vetri Subramaniam as the incoming Managing Director and CEO, effective February 1, 2026. The current MD and CEO, Imtaiyazur Rahman, will transition to the role of Strategic Advisor until June 2026, ensuring a smooth handover of leadership.

Operational Highlights

• SIP inflows for Q2 FY26 reached Rs. 2,338.00 crores, showing a 12.04% year-on-year growth.
• The company launched UTI Multi Cap Fund in May, which has grown to Rs. 1,576.00 crores in assets by September.
• UTI AMC captured a 6.2% market share of industry gross sales during the quarter.

Strategic Initiatives

UTI AMC has implemented a Voluntary Retirement Scheme (VRS) for 479 eligible employees, with applications accepted until October 31, 2025. This move is part of the company's workforce optimization strategy.

Future Outlook

Vetri Subramaniam, the incoming MD and CEO, outlined key focus areas for the company's future:

1. Workforce rejuvenation and optimization of the sales team structure
2. Enhancing brand visibility and connection with younger investors
3. Improving digital assets and customer engagement
4. Maintaining strong fund management processes
5. Increasing SIP market share

Subramaniam emphasized the importance of balancing cost control with strategic investments in brand and digital capabilities to drive long-term growth.

As UTI AMC navigates through this transition period, the company remains committed to delivering value to its customers, shareholders, and stakeholders while adapting to the evolving financial landscape.